Adecoagro lost a fortune with the agricultural business and reduced by almost 23% the leased area for the 2025/26 cycle.

Adecoagro lost a mountain of money with the agricultural business in the first part of fiscal year 2025 and plans to reduce the sowing area by 21.8% for the next campaign. The agro-industrial company, controlled by the cryptocurrency corporation Tether, could not take advantage in the quarter ending last September 30 of the bullish impact promoted by the regime of temporary suspension of export rights (possibly because it had sold most of the soybeans before the implementation of the measure). While corn sales in the past quarter were made at attractive prices, wheat sales were ruinous, although the worst part was taken by peanuts, a crop whose price collapsed in the Argentine market over the past year. "During the 2024/25 agricultural campaign, the peanut sowing area increased, as Argentine producers sought to benefit from the attractive prices of the previous year," notes the latest quarterly results report from Adecoagro. "Due to the larger area and high yields, and ...